A Global Shift in Foreign Aid, Starting in India

santosh10

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Foreign cos pulling more money out of India

May 25 (Reuters) - Foreign direct investment, the sort of sticky long-term money India craves to fund its current account deficit and build up its infrastructure, may not be so stable after all.

According to a Nomura report, multinational companies have been pulling money out of India at an accelerating rate, moving $10.7 billion out of the country in 2011, up from $7.2 billion in 2010 and just $3.1 billion in 2009. :ranger:

Outward flows are bad news for a country that this week saw its rupee currency hit a new record low as investors worry about its hefty fiscal and current account shortfalls, slowing economic growth and policy gridlock.

Still, corporate funds continue to enter India even as existing investors exit. Inbound foreign direct investment surged 88 percent to a record $36.5 billion in the fiscal year that ended in March, according to official data.

"Global deleveraging may have forced companies to sell their Indian assets and repatriate funds to their home country," Nomura analysts wrote in the Friday note.

"At the same time, domestic push factors such as slowing potential growth, the high cost of doing business and regulatory uncertainty have weakened the investment climate, likely causing this erosion. This is not a good sign."

Telecoms companies Etisalat of Abu Dhabi and Bahrain Telecommunications Co are leaving India after their mobile phone licences were among those ordered cancelled by an Indian court amid a corruption probe.

New York Life recently exited its 26 percent stake in an Indian insurance venture with Max India for $530 million, while U.S. mutual fund giant Fidelity Worldwide Investment recently struck a deal to unload its India unit to local company L&T Finance Holdings.

Foreign companies have been increasingly frustrated by regulatory uncertainty and a lack of reforms. Rules that would allow foreign companies into the supermarket and airline industries are stalled.

Vodafone, the world's biggest mobile carrier, has repeatedly clashed with authorities in India, which is trying to collect more than $2 billion in taxes from it through a retroactive law change, even after India's highest court ruled in the company's favour.

Vodafone, the biggest overseas corporate investor in India, has said it will not walk away.

The Nomura report said the services, manufacturing and real estate sectors probably saw "the maximum outflow".

[reuters.com/article/2012/05/25/india-economy-fdi-idUSL4E8GP4EG20120525]Foreign cos pulling more money out of India-Nomura | Reuters]
 

santosh10

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Younger CEOs paid more in India than US

MUMBAI: A new breed of younger Indian CEOs is rewriting the rules of the compensation game. In the process, they are topping their American and European peers to stand out as the highest paid executives globally, something which was once the exclusive preserve of executives from companies based outside India.

The average annual salary for an Indian CEO below the age of 50 years now stands at Rs 7.9 crore. Compared with the Rs 7.3 crore that American corner office occupants earn and Rs 7.8 crore pocketed by European bosses, it highlights the rising salaries of younger CEOs, especially in promoter-run firms in India.

Younger Indian CEOs may have stolen a march over their global peers in the salary sweepstakes but overall, Indian CEO salaries are substantially lower than their international counterparts. This was revealed in a study by global recruitment firm Randstad, which was commissioned by TOI to compare the differentials that exist between salaries of Indian CEOs vis-a-vis their western counterparts.

The compensation of Indian CEOs, though growing sharply, is still 45% lower than their American peers and 21 % lower than European CEOs. However, the gap in salaries when compared to European CEOs is shrinking faster, especially in the manufacturing, energy and infrastructure segments, the study points out. Indian CEOs received an average salary of Rs 6.3 crore.


The study is based on conversion of international salaries to Indian rupees by applying a Purchasing Power Parity (PPP) conversion factor of 20.224. This basically means that the exchange rate is adjusted so that identical goods in two different countries have the same price when expressed in the same currency. As a representative sample, Randstad took into consideration companies that form the BSE100 (for India), FT100 (for Europe) and S&P100 (for US) indices as of August 20, 2012. All long-term benefits like stock options were excluded.

"With current levels of inflation, and if India's GDP shows higher growth, the gap between salaries in India will come closer to the levels of the western world. The younger Indian CEOs are compensated better, because there is a higher concentration of promoter CEOs in this group. We can see that in sectors like manufacturing, energy and infrastructure, first-generation promoters are passing on the CEO mantle to their heirs and other family members," says Balaji E, MD & CEO, Randstad India.

However, the trend of promoter CEOs earning more than professional CEOs is not restricted to the younger lot. Across India Inc, promoter CEOs earn 53% higher than professional CEOs, the study revealed.

While professional Indian CEOs still need to catch up with their international peers, the gap in the average salary is highest in the information technology, telecom and communications, finance, retail, media and entertainment sectors, closely followed by the consumer goods industry. In the manufacturing, energy and infrastructure segments, the compensation of Indian CEOs is at par with the European CEOs due to the higher concentration of promoter CEOs in these two segments.

"Today, more and more Indian CEOs get compensated at world-class levels. This trend is driven by several factors. Firstly, it speaks of the professionalization of management and secondly, the most critical constraint to growth is the availability of general managers. It is just pure supply and demand. Finally, professional managers have a considerable set of opportunities to choose from. The broad implication is that, going forward, India cannot become competitive by playing cost arbitrage but has to master the innovation game," says Vijay Govindarajan, professor at Tuck School of Business at Dartmouth College and a part of the celebrated Thinkers 50 group.

Some Indian executives, however, think that the differences in the way salaries are structured for Indian CEOs compared to their western counterparts would continue for a while. "There is a difference between CEO compensation in India as compared to the US and Europe. American CEOs, in particular, and businesses have much greater risks attached to them. The stress that leaders undergo makes them demand far greater compensations whereas in the Indian context, the time lines for performance and the risk factor is much lesser," says Hari T, chief people officer at IT services major Mahindra Satyam.

Indian CEOs from the manufacturing segment earned the highest at Rs 8.7 crore, followed by CEOs from consumer goods with an average salary of Rs 5.6 crore.:coffee: The other significant point to have emerged from the study is that private sector CEOs are compensated 21 times more than public sector CEOs. With an average salary of Rs 6.3 crore, private sector CEOs are compensated far better than their public sector counterparts, who earn an average compensation of Rs 0.3 crore. The salaries of CEOs of the public sector do not include benefits and perquisites provided to those in the private sector.

Rajeev Chopra, CEO and MD, Philips Electronics India, is more pragmatic and refuses to buy into the euphoria over increasing salaries of Indian CEOs. "Broadly speaking, compensation has always been and will continue to be a function of a myriad factors, such as the prevailing salary structure in the country's job market, the specific industry, the business situation a particular company finds itself in, etc. Therefore, clearly, a 'one size fits all approach' has not worked and may not work in the context of global salaries."

Be that as it may, due to the increasing complexities of Indian businesses, salaries can only go up.

Besides, comparisons would never cease considering salaries remain the biggest point of discussion across management levels in global businesses.

//timesofindia.indiatimes.com/business/india-business/Younger-CEOs-paid-more-in-India-than-US/articleshow/16456335.cms
 
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santosh10

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Can't buy a home in Mumbai? Blame the NRIs
June 17, 2012

Mumbai: If you're wondering why the property rates in Mumbai aren't going down, blame it on Non Residential Indians (NRIs). With the rupee falling against the dollar every day, Indians living abroad have increased their investment in the country and especially in Mumbai, meaning that the expected fall in property rates following the recent dry period in the real estate market has not materialised.

According to a real estate source, the real estate prices in Mumbai for a person staying in the Middle East are 25-30 per cent less than what an Indian would pay. Prakash Rohera of Khar-based Kkarma realtors said, "I know about clients from the Middle East and other western countries who were earlier ready to shell out Rs. 1 crore but have now hiked it to Rs. 1.30 crore. Some don't even mind going as high as up to Rs. 1.60 crore. NRIs are investing heavily in Mumbai." :ranger:

"Just a few months ago, builders were chasing clients to buy property, and everyone was expecting the property prices to come down, but the uncontrollable inflation means that most builders are now getting calls from NRIs who want to invest. Why will builders reduce the prices when they are making their share of money anyway?" explained a broker, on condition of anonymity.

Meanwhile, a property exhibition that's being organised in Dubai later this week is already flooded with calls from Indian builders as well as NRIs. A spokesperson for the exhibition said, "The number of builders from Mumbai participating in the exhibition is 15 per cent higher than in earlier years. For NRIs, this is like a sale. The property price has fallen by nearly 25 per cent due to the devaluation of the rupee. We're expecting good business this time."

Manohar Shroff, secretary, Maharashtra Chamber of Housing Industry, Navi Mumbai, also claims the falling rupee is helping to boost the sale of properties in Mumbai. "The increased investment by NRIs has increased sales," he said.

Realty expert Ajay Chaturvedi opines, "There's a slowdown in many western countries, but their currency is still stronger than ours. The falling rupee is making it easy for NRIs to invest here. They all plan to return to India someday, so why not invest in Indian properties," he said.

ndtv.com/mumbai-news/cant-buy-a-home-in-mumbai-blame-the-nris-488545
 

santosh10

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..........

Mr Bill Gate's "Foreign Aid" for "Developing Countries"

I made few comments on Mr Gate's comment on "2nd February 2014" in this regard as below. i think it may have a place in this thread too :tup:

Mr Bill Gates Comment, "What does it cost to save the life of a child? The answer may surprise you: 2014 Gates Annual Letter: Myths About Foreign Aid - Gates Foundation" :ranger:
gatesnotes.com/2015-annual-letter?WT.mc_id=01_21_2015_DO_GFO_domain_0_00#section=myth-two

My Comment on Mr Gate's Twitter on 2nd February 2014:-

1st; at present, its all about awareness of the information available, but I do favor foreign aid (humanitarian aid) for the Least developed countries

2nd; and i do give a credit to a Developing country like India, which certainly doesn't need foreign aid, and also help others by Aid :india:

3rd; im running a thread to detail Indian support for LDCs. and the best i like here, India's support for scholarship/technologies for them

4th; here post is the best news of the thread as below. which we demand from developed nations too, more scholarships than aid:tup: (post#18 of this thread too.)
//defenceforumindia.com/forum/economy-infrastructure/63996-global-shift-foreign-aid-starting-india-2.html#post955554

=> @genius @Ray

first, As in the above website of Mr B.Gates on 2nd February 2014, it states, "Foreign Aids for Developing countries." so first we need to correct it, these Foreign Aids are regarded as "Humanitarian Aids" which means for proving "basic medicines" to the Least Developed countries like Congo, Siera Leone, Bangladesh, Somalia, Sudan etc. and they aren't Developing countries, but these humanitarian aids are applicable for the Least Developed Countries (LDCs) like Congo, Siera Leone, Bangladesh, Sudan, Somalia etc .....

Foreign Aid Vs 'Humanitarian' Aids: for example of India in post#5, its over $1.5 billion foreign Aid for Burma means for building roads there. over $2.5billion India just gave to Afghanistan for building roads, Parliament etc. there. while the Humanitarian Aids of Mr Bill Gates, "means for saving life of a kid", is applicable for the LDC members like Bangladesh, Mr Genius would have more details about it as he is based there.

here, with reference to the above news on Mr Gates's website, Its simple that LDCs can't live without Humanitarian Aid, and most of the western members of this forum aren't qualified enough to be part of knowledge based discussions, as per my experience. comparing India, China type developing countries with Least Developed Countries is one of the excellent example in regard....... its simply a crime to support idea to withdraw Aids from LDCs, as these Aid generally means for helping LDCs on very basic needs of life, which they can't afford by themselves. even if India is a developing country with the highest poor population too, it may manage to offer over $1.0billion+ foreign Aids for many Least developed Countries, as part of India's Annual Budget........

=> Least developed country - Wikipedia, the free encyclopedia
//en.wikipedia.org/wiki/Least_developed_country
here, its true that corruption is high in poor countries, and very high in LDCs and this is how it works. as life is tough in LDCs and Developing countries, no Welfare so people do adopt corruption some times. and the Idea of more scholarships for different courses to them does means to make them stand on their own. but corruption can't be the reason to hide the intentions behind foreign aid to LDCs, which is about helping very poor people of LDCs countries for basics of life, even if a part of it goes in corruption, which too is acceptable to an extent, i sincerely believe.......

@genius

we generally talk, "it would take at least 20 years for Bangladesh's 200million population, to come in the category of developing countries of standard Pakistan." how would you see this post? :ranger:

its isn't about abusing, but this is how "Energy Consumption" of Bangladesh is considered as the bench mark of the least of world, with respect to the highest of world, the US :tup:
The size of the carbon legacy is closely tied to consumption patterns. Under current conditions, a child born in the United States will be responsible for almost seven times the carbon emissions of a child born in China and 168 times the impact of a child born in Bangladesh.

Human Population Growth and Climate Change

biologicaldiversity.org/programs/population_and_sustainability/climate/
 
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santosh10

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Foreign cos pulling more money out of India

May 25 (Reuters) - Foreign direct investment, the sort of sticky long-term money India craves to fund its current account deficit and build up its infrastructure, may not be so stable after all.

According to a Nomura report, multinational companies have been pulling money out of India at an accelerating rate, moving $10.7 billion out of the country in 2011, up from $7.2 billion in 2010 and just $3.1 billion in 2009. :ranger:

Outward flows are bad news for a country that this week saw its rupee currency hit a new record low as investors worry about its hefty fiscal and current account shortfalls, slowing economic growth and policy gridlock.

Still, corporate funds continue to enter India even as existing investors exit. Inbound foreign direct investment surged 88 percent to a record $36.5 billion in the fiscal year that ended in March, according to official data.

"Global deleveraging may have forced companies to sell their Indian assets and repatriate funds to their home country," Nomura analysts wrote in the Friday note.

"At the same time, domestic push factors such as slowing potential growth, the high cost of doing business and regulatory uncertainty have weakened the investment climate, likely causing this erosion. This is not a good sign."

Telecoms companies Etisalat of Abu Dhabi and Bahrain Telecommunications Co are leaving India after their mobile phone licences were among those ordered cancelled by an Indian court amid a corruption probe.

New York Life recently exited its 26 percent stake in an Indian insurance venture with Max India for $530 million, while U.S. mutual fund giant Fidelity Worldwide Investment recently struck a deal to unload its India unit to local company L&T Finance Holdings.

Foreign companies have been increasingly frustrated by regulatory uncertainty and a lack of reforms. Rules that would allow foreign companies into the supermarket and airline industries are stalled.

Vodafone, the world's biggest mobile carrier, has repeatedly clashed with authorities in India, which is trying to collect more than $2 billion in taxes from it through a retroactive law change, even after India's highest court ruled in the company's favour.

Vodafone, the biggest overseas corporate investor in India, has said it will not walk away.

The Nomura report said the services, manufacturing and real estate sectors probably saw "the maximum outflow".

[reuters.com/article/2012/05/25/india-economy-fdi-idUSL4E8GP4EG20120525]Foreign cos pulling more money out of India-Nomura | Reuters]


a similar news we have below too :thumb:

Outward FDI Exceed Inward Flows
NEW DELHI, MAY 22

India's overseas investments reached close to 27 billion dollars, exceeding the inflows on equity account of Foreign Direct Investment (FDI) in fiscal 2012-13, ASSOCHAM findings revealed here today. :coffee:

The study said India's overseas investment, comprising loans, equity and loans guaranteed aggregated to 26.83 billion dollars in financial year 2012-13, with maximum outflows taking place in October-January. However, the maximum outflow took place in June touching 3.53 billion dollars, the study said.

It said overseas investments would exceed the FDI inflows on account of equity capital which totalled nearly 21 billion dollars between April- February of the fiscal 2012-13, the latest period for which data is available. Unlike in March, 2012, when one or two big ticket investments had pushed the monthly figure to a new high, there was no major inflow during March, 2013, the study said. :ranger:

The study says in so far as the outward investments from India are concerned, they have mostly gone to Singapore, the Netherlands and a significant amount to the tax haven of Cayman Islands. For instance in March, out of the 1.88 billion dollars of total overseas investments, close to one billion dollars went to Cayman Islands.

The study said although India's overseas investment is higher than the inward inflows, the overall investment climate in most parts of the globe is a dampener. "Risk aversion and lack of investment appetite is seen all through. It is not that only India is losing its position as an investment destination, but there is a demand slowdown and over capacity in many parts of the globe," according to the findings.

The study reveals that investment from Indian companies abroad has gone in areas relating to manufacturing, trade, restaurants, agri business and mining businesses. :thumb: On the other hand, recent bullish trends in the global stock markets are seen riding on quantitative easing and printing of money by central banks, mainly in the United States, some European countries and significantly in Japan. UNI

//mg.glpublications.in/epaperpdf//2352013//2352013-md-hr-2.pdf
 
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santosh10

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.
i tried to find information about the 'net' FDI outflow-inflow for India for the financial year 2013-14 as below. can someone help with the latest data's :thumb:


=> we have some statistics about Inward FDI and Outward FDI from India as below. here we find Outward FDI from India for the first 10 months of the financial year 2013-14, is higher than the total Inward FDI for the whole 2013-14 financial year :coffee:

total FDI investment made by domestic companies between April-January 2013-14 stand at $29.34 billion; investment declined had declined the previous two years :coffee:

India Inc snaps up overseas assets worth $29.3 billion

//profit.ndtv.com/news/economy/article-india-inc-snaps-up-29-3-billion-overseas-assets-so-far-in-fy14-383076
FDI inflows to India increased 17 per cent in 2013 to reach US$ 28 billion, as per a United Nations report.

//timesofindia.indiatimes.com/business/india-business/India-received-28bn-FDI-in-2013-UNCTAD/articleshow/29540063.cms
 

santosh10

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A Global Shift in Foreign Aid, Starting in India
November 15, 2012

Britain's decision to stop giving development aid to India by 2015 marks a turning point in the former colonial power's relations with New Delhi, and is raising questions about the global future of foreign aid in a fast-changing economic world order.

"Having visited India I have seen firsthand the tremendous progress being made," the British development secretary, Justine Greening, said Nov. 9, while announcing the end of more than 50 years of aid to India. "India is successfully developing, and our own bilateral relationship has to keep up with 21st century India," she said.

Britain's move may be just the first in a full-scale pullback of aid to faster-growing developing nations, some aid professionals believe.

"There is a real concern that all the major donors are looking at excluding emerging economies from their aid programs," Emma Seery, the head of development finance at Oxfam, said by telephone. "These countries have large pockets of poverty, and we are afraid that this trend will remove this extra lifeline from the poorest," she said.

For decades, the United Nations has urged developed countries to spend 0.7 percent of their national income on aid to poorer nations, a target that continues to be elusive. According to the most recent figures of the Development Assistance Committee, a consortium of the world's main donors, the developed world gave nearly $120 billion in assistance to the developing world in 2009, or 0.32 percent.

The United States, which doled out some $30 billion in 2010, leads the pack.

But many traditional donors are now openly reconsidering the need for, and role of, foreign aid. The United States, for example, facing a budget crisis, has considered proposals to significantly trim the billions in foreign aid it gives. "The proposals have raised the spectre of deep cuts in food and medicine for Africa, in relief for disaster-affected places like Pakistan and Japan, in political and economic assistance for the new democracies of the Middle East, and even for the Peace Corps," Steven Lee Myers wrote in The New York Timeslast year.

U.S. aid to India, targeted toward clean energy, food security and health, has dropped 25 percent in recent years, from nearly $127 million in 2010 to a proposed $98.3 million in 2013. India's emergence as a regional and global power, the 2012 annual letterfrom the U.S. Agency for International Development said, "creates an opportunity to evolve the traditional donor recipient model of development into a true partnership."

This threatened drought of Western aid comes as some emerging market countries, including India, have themselves become donors to more impoverished countries.

Before a visit this week from President Hamid Karzai of Afghanistan, aimed at wooing investment, India approved development projects in Afghanistan to the tune of $100 million as part of India's $2 billion aid package to the war-torn country. In 2010, the country extended a $1 billion line of credit to Bangladesh, the highest ever one-time assistance, and last year, it offered $5 billion in credit to African nations. With a broadening aid portfolio, New Delhi recently announced plans to set up its own aid agency.:ranger:

For India, once the world's largest foreign aid recipient, with some $55 billion funneled to the country between 1951 and 1992, the change from recipient to donor comes as the country tries to redefine its role in the international community.

For decades, as India made its haphazard transition from being a British colony to an economic powerhouse, it depended heavily on aid from prosperous nations and international institutions. In 1958, for instance, Britain offered India some ₤40 million in foreign aid, as India struggled to build a nation and implement its second five-year economic plan. British Treasury officials referred to the "long-term problems of Indian development" when announcing the package.

Sixty years later, Britain's decision to pull the plug on funding to India was met with little more than a shrug by India's political class. "We don't really need the aid," P. Chidambaram, the finance minister, said last week. "We have accepted it in the past, but I think both countries have agreed that we can emphasize on trade rather than aid."

Part of the reason for such nonchalance, analysts say, is that British aid to India, which amounts to $450 million per year and is used primarily in health care and education, is small. Last year, the finance minister at the time, Pranab Mukherjee, reportedlydismissed the funds as "peanuts" compared to India's own spending. (Mr. Mukherjee is now the president of India.)

Indeed, in recent years, India has ramped up its spending on social welfare programs, including a large rural employment scheme and a food subsidy system, aimed at lifting its millions out of poverty.

But perhaps more significant is the fact that India now sees – and projects – itself as a global power and a partner to developed nations like Britain, rejecting the traditional model of rich nations aiding poor ones. "Aid is past, trade is future," Foreign Minister Salman Khurshid recently said.

This ambition stems from the Indian economy, which, even with a recent slackening, continues to grow at a faster rate than other large economies. In 2007, the World Bank moved India to a "lower middle income" country from a "low income" one. But, activists point out, it continues to be a country of rampant poverty and vast inequities. Despite two decades of growth, over 400 million people in India live on less than $1.25 a day, and the country's malnutrition figures are among the worst in the world. India has had some success with its welfare programs, but it spends only 0.9 percent of gross domestic product on health care, among the lowest in the world, and 3 percent on education.

This dichotomy appears to be in tune with global trends in poverty. A 2010 study by economist Andy Sumner at the Institute of Development Studies titled "The New Bottom Billion" found that two decades ago, 93 percent of the world's poorest lived in low-income countries. Now, nearly three-quarters of them, or one billion people, live in middle-income economies.

Economists at the Asian Development Bank, too, speak of a "middle income trap," where rapid growth in short periods of time is followed by economic stagnation. While India is growing fast, said RanaHasan, ADB's principal economist in India, "historical record tells us this is not the time to disengage."

In recent years, ADB, which focuses primarily on infrastructure projects in India, has moved its focus from large nationwide projects such as highways and power grids to development projects in "lagging" states, like Bihar, Chattisgarh and Assam.

British aid in India, said Ms. Seery of Oxfam, has a "real and significant impact," and its withdrawal could have significant negative repercussions for its poorest. It has played a major role, she said, in India's successful drive to eliminate polio, and it continues to help children attend primary schools and to give women and children access to good health care. "The decision to unaid," Ms. Seery said, "was too hasty from a development perspective."

Some Indian analysts argue that the decision has less to do with India's development than Britain's own political and economic compulsions. In recent years, Britain has become home to a strong anti-aid sentiment, with a section of the political class arguing that India, which has its own space program, no longer needs aid from Britain, itself in the throes of an economic slowdown.

In a poll by The Guardian newspaper, which asked if Britain should stop granting aid to India "in response to its former colony's 'rapid growth and development progress' over the past decade," 89 percent responded in the affirmative.

Others say Britain's new approach stems from the absence of quid pro quo. Last year, India's decision to select a French company over its British rival for a multi-billion dollar contract to supply fighter planes caused great furor in London, with several British politicians saying India ought to have favored the British company on account of the millions it receives in aid from Britain.

"They believe that British aid must get a bang for its buck, which means it must spread British influence," said JayatiGhosh, a professor of economics at Jawaharlal National University in New Delhi. "The aid is just not doing that anymore."

A Global Shift in Foreign Aid, Starting in India - NYTimes.com

//india.blogs.nytimes.com/2012/11/15/a-global-shift-in-foreign-aid-starting-in-india/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1&
 

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There have been many encouraging steps and things aren't that gloomy. ""India has been particularly keen on expanding its aid engagement with Africa. In 2012-13, African countries received 7 percent ($43 million) of India's technical cooperation budget, up from 4 percent in 2011-12. The emerging donor stresses its willingness to share lessons from its own development with Africa."" Glimmer of hope is always here.
 

santosh10

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There have been many encouraging steps and things aren't that gloomy. ""India has been particularly keen on expanding its aid engagement with Africa. In 2012-13, African countries received 7 percent ($43 million) of India's technical cooperation budget, up from 4 percent in 2011-12. The emerging donor stresses its willingness to share lessons from its own development with Africa."" Glimmer of hope is always here.

and thats the main issue of this thread. we are mainly concerned with support India provided to its African partners on the side of development. we aren't really concerned with the amount of Aid, but how much scholarships are provided.... and here i find the post#35 is the best news of this thread.....

also. we are also willing to see India helping its LDC partners build the key infrastructure, like how India funded the road link Burma, connecting India to Thailand. similar news we have when India fully funded road link in Afghanistan to get access to Central Asia. building infrastructures in our partner LDCs member is something always put a charm in this thread :india:


22,000 new scholarships for African students in various academic courses :india:

New Delhi, Mar 1 (ANI): Highlighting India's commitment to development in Africa, Minister of State for External Affairs PreneetKaur said here on Thursday that 22,000 new scholarships for African students in various academic courses and training programmes, including special agriculture scholarships and C.V. Raman fellowships have been made available. :thumb:

Kaur, who was addressing the inaugural session of India-Africa Science and Technology Ministerial Conference, said proposals for the institutional strengthening of identified institutions in Africa and the transfer of need based technologies have also been initiated.

"There is a provision for 22,000 new scholarships for African students in various academic courses and training programmes including special agriculture scholarships and C.V. Raman fellowships," said Kaur.

"As per India's commitment to assist African countries in the field of Science and Technology, proposals for institutional strengthening of identified institutions in Africa and transfer of need based technologies have also been initiated," she added.

She informed that her ministry has duly secured approvals from the Union Cabinet to support these initiatives through its "Aid to Africa" budget.

Kaur also said that India has successfully implemented the Pan-African e-Network Project, including tele-education, tele-medicine and connectivity between leaders in 47 African countries and an agreement has also been signed for its implementation in the 48th country, South Sudan recently.

Under the framework of the Science and Technology Initiatives for Africa, Department of Science and Technology in partnership with Ministry of External Affairs organised the 'India-Africa Science and Technology Ministers Conference'.

This major ministerial level event has being organised in close coordination with the African Union Commission and is being attended by science and technology ministers from across the African continent along with senior official from various countries. he event is expected to provide a platform for the advocacy, outreach and commitment of India under the framework of the New Science and Technology Cooperation Initiative with Africa.:thumb:

The ministerial conference also intends to help to develop linkages and also secure the interests and commitments of the African partners to this Indian initiative. (ANI)

newstrackindia.com/newsdetails/2012/03/01/271826-22-000-new-scholarships-for-African-students-in-various-academic-courses-Preneet-Kaur.html
 

santosh10

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Amid slowdown, India ramps up aid for neighbours
Mar 18, 2012

NEW DELHI: A difficult economic situation notwithstanding, India will be stepping up its assistance programme to its neighbouring countries in the coming fiscal.

The biggest chunk of India's assistance programme is reserved for Afghanistan, Myanmar and Bhutan that are provided for in the 12th five-year Plan. But under the non-plan head, Bhutan takes the largest chunk with a combined loan-grant amount of Rs 1,500 crore. Bhutan has traditionally been the largest recipient of Indian aid, with massive hydro-electric projects being covered in the Plan expenditure. :thumb:

Afghanistan and Myanmar are big recipients, both strategically vital for India's security and economic interests. India has invested heavily in infrastructure projects in Afghanistan, including roads, parliament buildings and capacity building for the Afghans in various fields. India also runs the biggest children's hospital in Kabul.

However, recently, India won the Hajigak iron ore mines that will necessitate building several roads connecting the mines to border points. A new component of India's aid package to Afghanistan is in the security sector. As a result of the strategic partnership agreement with Afghanistan last year, India is committed to training and equipping Afghan national security forces. This will include training programmes, to be mainly held in India.

New Delhi is building a multi-modal transport system in Myanmar that could also serve to improve trade with the country that India now regards as the gateway to south-east Asia. :truestory:

Other countries that will continue to receive Indian aid this fiscal is Sri Lanka, where India has invested in rehabilitation and rebuilding programmes in the north, railway lines and oil terminals as well as building houses for the internally displaced persons from the Tamil regions. Bangladesh also takes a sizeable chunk of Rs 250 crore after the PM announced a $1-billion credit line for the country in 2010.

Bafflingly, the government spends a minuscule amount for "energy security" in the MEA, but it's so small that it's unclear what this would be used for. Equally strangely, Mongolia gets Rs 2 crore this year from India, but the reason for that remains unclear.

Amid slowdown, India ramps up aid for neighbours - Times Of India

[//timesofindia.indiatimes.com/india/Amid-slowdown-India-ramps-up-aid-for-neighbours/articleshow/12310673.cms?referral=PM]Amid slowdown, India ramps up aid for neighbours - The Times of India]
 

santosh10

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.
i have prepared a post regarding changing India as below, which may have a place here too, i think :thumb:
.
=> Literacy Rate

here the comparison is based on 347 million population in 1947 to 1.25 billion people by 2011. here we find, Youth Literacy Rate might have reached 90%+ by 2015, as we had almost 95%+ attendance of kids in schools since 1997
When the British rule ended in India in the year 1947 the literacy rate was just 12%. Over the years, India has changed socially, economically, and globally. After the 2011 census, literacy rate India 2011 was found to be 74.04%. Compared to the adult literacy rate here the youth literacy rate is about 9% higher.

census2011.co.in/literacy.php
Literacy Rate of India - Population Census 2011
.

=> Per Capita Income of India

Considering the method which was in application till 2006, by both World Bank and IMF

British Left around 2% to 5% rich and rest poor in 1947, out of total 347 million population in 1947, while we now have around 350 million Middle Class of India whose Per Capita Income is well over $20,000+ on PPP now, similar to Very High HDI countries like Argentina, Poland, Saudi Arabia etc

We have new GDP Per Capita on PPP calculation for India by 2015, as below:

now poverty of India is because of its over population. Most of the problems of India is because of its Over Population and India has to reduce its population only. otherwise India has around 350mil Upper Middle Class, more than total population in 1947, whose per capita income on PPP is similar to the Very High HDI countries like Argentina, Poland, Saudi Arabia etc. one day I calculated as below:-

first, we find GDP on PPP of India was $5.2tn in 2013 but its still manipulated by the US/UK since 2007. as, till 2006, we had a different way of measuring GDP on PPP which used to include "estimated undocumented" part of GDP also. and I remember, this way GDP of high population 'developing' countries was around 50% to 80% higher, and for the middle order countries like Brazil/Turkey it was around 10% to 25% higher. and for the developed nations, the difference was hardly around 1% to 3% by that "Old Method" which was in application till 2006, by IMF and World Bank both. like as below:
"There are, however, practical difficulties in deriving GDP at PPP, and we now have two different estimates of the PPP conversion factor for 2005, India's GDP at PPP is estimated at $ 5.16 trillion or $ 3.19 trillion depending on whether the old or new conversion factor is used," it said.
//timesofindia.indiatimes.com/business/india-business/Its-official-Indias-a-trillion-economy/articleshow/2824078.cms?referral=PM
It's official: India's a trillion-$ economy - The Times of India
means, GDP of India on PPP was already $5.16tn in 2007, higher than Japan that year, making it the 3rd Largest Economy on PPP by 2007 itself this way.

again we have India's growth rate since 2007 as below:

tradingeconomics.com/india/gdp-growth-annual
India GDP Annual Growth Rate | 1951-2014 | Data | Chart | Calendar

here we find, "Average Growth Rate" of India from first quarter of 2008 till the December quarter 2015, stood at around 7.2%, on 'annual' basis. hence considering GDP on PPP of India at $5.16tn in 2007 by Old Method as above, with the estimated 6.5% growth by 2015, we may calculate its value by 2015, after 8 years since early 2008, as below:
hindustantimes.com/Images/popup/2015/2/10_02_15-metro13a.jpg
GDP on PPP of India by end 2015 = 5.16*1.067*1.086*1.089*1.067*1.051*1.069*1.074*1.065= $8.93 trillion on PPP

but we would also get to know that PPP value consider value of goods and services in US$ term, means we would also include the factor of inflation of United States also. and if we consider average 1.5% inflation of US for these 8 year in between early 2008 to 2015, with considering an overall factor of just 1.1 this way, then GDP on PPP of India comes around = 8.93*1.1 = $9.82tn by 2015. and it still hasn't included 'Value Added' effects........
(also its true that "undocumented part" of GDP might not have registered a similar growth, but most of the economics data's are based on 'estimate' only, its also very true.)

again, we know that share of agriculture would be around 17.0% in India's GDP in 2015. therefore, we find share of agriculture in indian economy, 0.17 * 9.82= $1.7 trillions (around), on which 50% population of india is dependent. means around 600mil people based on agriculture in india have per capita income around = $3,000 on PPP by 2015 this way, which is itself similar to the better side of Lower Order Countries like Bangladesh.....
this way, 9.82 - 1.70 = $8.12tn is left for rest of 600mil people based in industry and service in India, with per capita income of around $13,600 on PPP which is higher than Middle Order Countries like Brazil, South Africa etc..........

cia.gov/library/publications/the-world-factbook//rankorder/2004rank.html
The World Factbook

again, we have news that 25% of the population of cities are either in slum or in bit better condition only. so we would consider per capita income of 300mil living in cities in low condition at hardly $3,000 which takes a share of $900 billion from its GDP. hence we are then left with around 8.12 - 0.9 = $7.22 trillions for the rest of 300 mil people living in cities, the so called Middle Class of India with per capita income around $25,000 on PPP this way.

but it is estimated that out of total 600mil people based in agriculture sector, it also has around 50mil Lower Middle Class with Per Capita Income around $15,000 on PPP. (as we know that agriculture has higher share of 'undocumented' part of GDP. with that, Agriculture also has higher share of non-taxable business of India.) Hence, we find total middle class of India around 350mil with per capita income around $22,000+ on PPP which is similar to Very High HDI countries like Argentina, Poland etc, which is more than total population of India at the time of freedom in 1947 :tup:
.
=>
Most Expansive Places of World

5th Moscow $17,566 per sq.m.

7th Singapore $16,350 per sq.m.

10th Mumbai $11,306 per sq.m. :ranger:

12th Sydney $8,774 per sq.m.

20th Shanghai $6,932 per sq.m.

29th Istanbul $4,569 per sq.m.

47th Dubai $3,393 per sq.m.

54th Bangkok $2,996

68th Kuala Lumpur $2,182 per sq.m.

73rd Jakarta $,2099

globalpropertyguide.com/most-expensive-cities
World's most expensive cities
.
=>
Mumbai, Delhi office rentals top Shanghai, New York

MUMBAI: Office rentals in Mumbai and Delhi continue to be among the highest in the world, beating the likes of New York, Washington or Shanghai despite a depreciating rupee. Renting office space in Mumbai and Delhi costs over $65 and nearly $73 per square meter a month, while the same costs $63 in New York $48 in Washington and $41 in Shanghai, property consultancy firm DTZ said in a report.

//articles.economictimes.indiatimes.com/2012-07-25/news/32848298_1_office-rentals-mumbai-and-delhi-property-consultancy-firm
Mumbai, Delhi office rentals top Shanghai, New York - Economic Times
 

santosh10

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The literacy rate in India has risen to 73 per cent in comparison to 64.8 per cent in 2001. While male literacy rate stands at 80.9 per cent, which is 5.6 per cent higher than the previous census, the female literacy rate has been recorded at 64.6 per cent, an increase of 10.9 per cent since 2001.Apr 30, 2013. Theres different definitions of literacy.

hmmm, literacy rate of India was around 12% in 1947, at the time of freedom, while our current old aged people belongs to 50s to 70s when we hardly at around 20%+ literacy rate. and yes, women among them hardly had around 10%+ literacy rate during the 50s and 60s... so your figure does state the ground reality :thumb:

hence here as below, which state literacy rate of India at the time of Independence in 1947 to upto 2011, we find Youth Literacy rate of India must have been crossed 90%+ by 2015, as we had almost 95%+ attendance of kids in schools since 1997. the Youth, whose age range fall in between 16 to 24 year :truestory:
When the British rule ended in India in the year 1947 the literacy rate was just 12%. Over the years, India has changed socially, economically, and globally. After the 2011 census, literacy rate India 2011 was found to be 74.04%. Compared to the adult literacy rate here the youth literacy rate is about 9% higher.

census2011.co.in/literacy.php
Literacy Rate of India - Population Census 2011
 

santosh10

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The Industrialized India

; India has now entered among the Newly Industrialized nations as below:

//en.wikipedia.org/wiki/Newly_industrialized_country#Current_NICs
Newly industrialized country - Wikipedia, the free encyclopedia

India had overall 5.81% growth rate since 1951.....
India GDP Annual Growth Rate averaged 5.81 Percent from 1951 until 2013

tradingeconomics.com/india/gdp-growth-annual
We now have Industrialists as below too, who are building the nation. as we do know that our these honored Super Riches/ Billionaires don't have money in pocket, but they are Industrialists/ billionaires in terms of the industries they have to provide employment, generating taxes for the government which government use to help the common public itself, along with improving production line hence reducing cost of products, with introducing new technologies too through their industries, hence building the nation this way.... :india:

The report as below, mention around 115 Billionaires in India, as compare to hardly around 60 by Forbes. its because Forbes estimate only Share values, while the report as below includes, "shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets, according to Wealth-X...".

worldpropertyjournal.com/featured-columnists/wealth-x-billionaires-high-net-worth-individuals-larry-ellison-four-seasons-lanai-four-season-manele-bay-koele-lodge-uhnwi-6174.php
World's Billionaire Club Grows; Ultra Millionaires Lose Money - WORLD PROPERTY JOURNAL Global News Center

and here is the main report, as below.....
wealthx.com/articles/2011/wealth-x-world-ultra-wealth-report-2011/
Wealth-X World Ultra Wealth Report 2011-2012 | Wealth-X


Further to the above talks, BRIC economies as whole have their UHNWI estimate, with India's at around 8,200, is given in the article as below: :thumb:


=> BRIC Country Super-Rich Worth $4 Trillion

The future of wealth will be built with BRICs.

According to new data from Wealth-X, the wealth research and consulting firm, Brazil, Russia, India and China now have a combined 25,600 people with $30 million or more in net worth (which includes shares in publicly traded and closely held companies, residential and investment real estate, art, planes, cash and other investible assets).

That is about half the number of ultra-high-net individuals in the U.S., according to Wealth-X.

The BRIC ultrarich have a combined net worth of $4.125 trillion, compared to $6.4 trillion for the U.S.

//online.wsj.com/media/WealthXIntellBriefing042811_F.gif
What is most interesting about the BRIC data is the concentration of wealth at the very top of the wealth pyramid. In Russia, the nation's 80 billionaires account for 7% of the total population of people with a net worth of $30 million or more, but they own 84% of that group's $640 billion in wealth.

In Brazil, the nation's 50 billionaires account for less than 1% of the ultrarich population but a third of the group's $890 billion in wealth. India's 115 billionaires represent 1.4% of the total ultrarich population and 20% of the group's wealth of $945 billion.

China's billionaires account for 1% of the ultrarich and about a third of their wealth of $1.65 trillion.

The U.S., of course, isn't exactly a model of equity when it comes to billionaires and the ultra-rich. Its 450 billionaires account for less than one percent of the ultra-rich population but control 25% of the group's $6.4 trillion wealth.

But the fastest global growth in billionaires and their lesser ultra-rich aspirants will likely be from the BRICS rather than the U.S. or Europe.

"In Russia, as in other emerging markets"¦.billionaires and near-billionaires, followed in aggregate by the mass of ultra-high-net-worth will dominate wealth," according to Wealth-X.

Which country would you want to live in if you had a net worth of $30 million or more?

//blogs.wsj.com/wealth/2011/04/28/bric-country-super-rich-worth-4-trillion/
BRIC Country Super-Rich Worth $4 Trillion - The Wealth Report - WSJ
 

santosh10

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Not impressed just The net worth of U.S. households and nonprofit organizations rose 14% last year, or almost $10 trillion, to $80.7 trillion, the highest on record, according to a Federal Reserve report released Thursday. Even adjusted for inflation using the Fed's preferred gauge of prices, U.S. household net worth—the value of homes, stocks and other assets minus debts and other liabilities—hit a fresh record.

U.S. Household Net Worth Hits Record High - WSJ
=> BRIC Country Super-Rich Worth $4 Trillion - The Wealth Report - WSJ

=> Wealth-X World Ultra Wealth Report 2011-2012 | Wealth-X

hmmm, while i do feel impressed when you compare US's and Indian businessmen, even in this language :truestory:

around half of the billionaire list are American itself, what this means? but Indians do have some ranking here, and thats the discussion :thumb:

dont downgrade India if you find it having 120billionaires+ only as in the last post, showing strength of Indian market/buying power of its Middle class this way. but just have a look on the neighborhood India, example Pakistan+Bangladesh, not even one gentleman has a place there....:wave:
(Bangladesh+Pakistan with over 180million+ population is well compared to Brazil, but its only the "consumer/buying power", why businesses dont grow there.)

similarly half of the top 2000 largest firms are American, but even if you find 60+ Indian firms there, it does bring a credit considering nil from Indian neighborhood.... only 2 of Pakistani firm as below got a place :thumb:

forbes.com/global2000/
The World's Biggest Public Companies - Forbes
.

=>
house holds and non profits, not commercial are 80 trillion compared to 4.5 for BRICS don't brag about BRICs when you don't have anything to brag about.

its also because of exchange rate issue, 1.0US$ = 60+ Indian Rupees/Russian Ruble

but we generally talk, land/property prices of Mumbai-Delhi is more expansive to US/Australia, even in exchange rate term.

=> look, American firms pay tax to US's government on the profit they make in India/Asia too, :rofl:

also, US's firms have a type of rule in world, traditionally, but they loosing their grip with rise of BRIC, its equally true.....

US's billionaires/turn over of their firms, doesn't show buying power of their consumers 'only', but its more about their business in whole world..... if we see Indian-Brazilian firms showing buying power of their home consumers, then its certainly not true in case of US's or Chinese firms too, who now have buyers in whole world :ranger:
 

santosh10

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now poverty of India is because of its over population. Most of the problems of India is because of its Over Population and India has to reduce its population only. otherwise India has around 350mil Upper Middle Class, more than total population in 1947, whose per capita income on PPP is similar to the Very High HDI countries like Argentina, Poland, Saudi Arabia etc. one day I calculated as below:-

Over-Population Notes

World is changing and few points everyone knows on the world platform in today's world, no need to read articles, as below:

1st; High Population means high consumption of resources, and hence its higher prices for the people of whole world.

2nd; high energy consumption and hence higher green house gas emission, hence increasing Climate Change threats this way

3rd; High Subsidy to feed poor below poverty line, especially in case of India. which is possible only until its Middle Class may afford it. and we must avid that breaking point :tup:

4th; and, we also encourage a "Population Tax" on every second kid taking birth in a family, which may be denoted to World Bank/ Climate Change Organizations to reduce its effects. i mean, if you can't reduce population then at least pay something to reduce its effects on the world's Climate Change. and yes, this "Population Tax" on the 'non-first' child would be same for the people of whole world. :coffee:

.
Few Key Points I always mention on this Topic as below:

these are my own ideas so it does require criticism by other members to make the topic interesting :thumb:

1st; if the poor of India ask the Western nations to share the burden of subsidies then they will simply kick these shiits of India, isn't it? and if its only Indian Middle Class who is generating money and running government and also paying heavy price for the welfare/subsidies for poor, then they do have a right to ask the Indian Government, "to what extent they will have to bear this burden of tax just to feed poor, and whether they will remain capable enough in future also to bear this burden on long run if the government doesn't control the population?????" :facepalm:

like the news as below, around 50% indian population is based in agriculture only, around 600mil, while even 200mil population may produce the same agriculture output? and the same in cities of India, around 50% people just try to earn a decent salary which they can't, simply because too many mouths and limited resources. and Indian Middle Class is just paying high price to feed these around 600mil 'excess' population, but still there is no effort to have a control on this growing population????
"As per statistics, India provides around Rs855 billion subsidy to its farmers to reduce their production cost, whereas Pakistan hardly spends Rs8 billion in this regard. India's agriculture production cost was around two to three times lower than Pakistan due to these subsidies," agriculture expert and Agri Forum Pakistan chairman, Ibrahim Mughal said.

[agricorner.com/mfn-status-to-ruin-agriculture-industry-alike/]MFN status to ruin agriculture, industry alike | Agriculture Corner]

2nd; here for example of Pakistan and Bangladesh, right now overly populated Pakistan is full of target killings, simply because too many mouth and no resources to feed them. its also similar to 'genocide' itself?????? and Bangladeshis just want to run from Bangladesh, mainly to India. its the worse to see people dying without dignity than controlling population by force........
Don't hold your breath: during a recent DPC rally in Karachi, speaker after speaker made it clear that their real enemies are India and America. This assembled galaxy clearly failed to notice the uncomfortable fact that over the last decade, well over 30,000 innocent civilians and 5,000 security personnel have been killed in terrorist attacks launched by jihadi militants.Such mundane truths often escape our religious brigade. :facepalm:

[dawn.com/news/696249/save-us-from-our-defenders]Save us from our defenders - DAWN.COM]

3rd; many economists of India advocate "food security"/ "free medicines"/ "right to get a job" etc in India which is not possible until the Indian government may control its population. they simply can't feed 1.25bil population from the limited natural resources they have . USA is 3 times bigger in area than India but population of India is 4 times to USA? and on the top of that, Indian government wants to give welfare/ heavy subsidies to its people? if India face a sudden fall like ASEAN in late 90s and South America like in 80s, all these they will have to withdraw after that so better they keep habit to live in less and get rid off the unnecessary subsidies/welfares . for example, we always find Pakistan increasing petrol and diesel prices as per market prices as they can't afford to give subsidies while the people of Pakistan are poorer than India, but Indian government always hesitate to do so? but the day India will reach level of Pakistan, just one good economic fall is required, and India will learn all by themselves. :wave:

4th; here we have report from world bank that around 60% people of India are living with income less than $2.0 per day, as below

here, how is it wise to have high population if you can't give them good life? how is it advisable to have more population this way???

=> [//data.worldbank.org/indicator/SI.POV.2DAY?order=wbapi_data_value_2011+wbapi_data_value+wbapi_data_value-last&sort=asc]Poverty headcount ratio at $2 a day (PPP) (% of population) | Data | Table]

5th; Population of India was hardly around 341 million at the time of freedom, in 1947, and we can't have more than 700 million people, and we need a national consensus on it. :india:

and as Overpopulation of India is directly related to consumption of natural resources of the world. as, higher International price of natural resources, due to high demands from the high population countries, is applicable on whole world. high pollution and hence Climate Change due to high consumption of energy. reduced water level has also been caused in India due to the same high population and hence high demand reasons, hence India is directly answerable to the rest of the world about the measures it is adopting to reduce its population to 700 million, say by 2050
:truestory:

we can't let India become one of the reason for the destruction of this world, as the Earth belongs to every person of the world, regardless any nationality :nono:

6th; and here, first there is no control on the population, as much as India can have, and on the top of that, they want to feed them for nothing too :rofl:

=> [//articles.economictimes.indiatimes.com/2013-07-09/news/40469205_1_food-security-bill-foodgrain-subsidies]At Rs 1,25,000 cr, Food Security Bill largest in world: Implementation a challenge, says Morgan Stanley - Economic Times]
 
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